There is far more to know about editing captured audio/video content then we could ever fit into this guidebook. So, instead of trying to explain anything about the process, we are just going to offer a few links to resources that should help you to get started.
If you have a Macintosh computer, then you already have a pretty decent video editing package available to you, called iMovie. Please note that iMove changed dramatically between Mac OS X 10.5 and 10.6, so if you have an older version of Mac OS X, any references written for the newer version of iMovie will be completely useless to you.
If you have a Windows computer, you probably don't have a video editor built in unless you are still running Windows XP or Windows Vista, which included Windows Movie Maker. However, Windows Movie Maker is still available as part of the add on package called Windows Live Essentials, which is a free download for any Windows Vista, 7, or 8 user. This software was also dramatically changed over its lifetime, so if you go looking for reference material, make sure it matches up with the version you are using.
There are many commercial video editing software packages that can range anywhere from $99 to over a thousand dollars. The basic ones may not be any better than iMovie or Windows Movie Maker, while the expensive ones will give you some of the same features used by television and movie studios. It is all a matter of what you want to create with your video content and how much you can afford to spend.
To test drive some of these products, we highly recommend that you visit the Multimedia Studio in the basement of the Georgia Tech Library. Note that you must be a Georgia Tech student, faculty, or staff member with a valid Buzz Card to access this computer lab. Also, you can use the software and hardware in this lab only to help in the production of a campus academic related project, including student class projects and personal use projects. Use of the studio's resources to aid any outside entity, including but not limited to commercial and non-profit organizations, is strictly prohibited.